UBS Partners With Robeco
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Over the past years there has been some back and forth between UBS and Robeco. Now the two have joined forces to launch a sustainability fund.
The investment company Robeco has launched a global engagement equities fund in partnership with UBS’ global wealth management, according to a statement Thursday. UBS will remain an exclusive partner for the next six months and aims to invest $1.5 billion.
The fund has the sustainable investment objective to drive a clear and measurable improvement in a company’s contribution to the United Nations Sustainable Development Goals (SDGs) over three to five years, the statement says.
Michiel Plakman is the fund’s lead portfolio manager, supported by Daniela da Costa, Peter van der Werf, Giacomo Moroni and Jan Anton van Zanten at Robeco.
Robeco is no stranger to UBS: The Swiss bank’s chief sustainability officer Michael Baldinger, was previously CEO of Robeco. Last year UBS teamed up with Zug-based asset management giant Partners Group, on a private market offering for wealthy clients.
Questions & Answers
Q.What is the primary aim of the new sustainability fund launched by UBS and Robeco?
What is the primary aim of the new sustainability fund launched by UBS and Robeco?
The fund's objective is to drive clear and measurable improvement in a company's contribution to the United Nations Sustainable Development Goals. This improvement is targeted to occur over a period of three to five years, as stated in the announcement.
Q.How much capital does UBS intend to invest in this new fund, and for how long will their partnership be exclusive?
How much capital does UBS intend to invest in this new fund, and for how long will their partnership be exclusive?
UBS aims to invest $1.5 billion into the fund. Their role as an exclusive partner for the newly launched global engagement equities fund is set to last for the next six months.
Q.Who is leading the management of the new global engagement equities fund?
Who is leading the management of the new global engagement equities fund?
Michiel Plakman is the lead portfolio manager for the fund. He is supported by a team from Robeco, which includes Daniela da Costa, Peter van der Werf, Giacomo Moroni, and Jan Anton van Zanten.
Q.Does UBS have any previous connections or partnerships related to sustainable investment initiatives?
Does UBS have any previous connections or partnerships related to sustainable investment initiatives?
Yes, UBS has prior connections in this area. Michael Baldinger, the Swiss bank’s current chief sustainability officer, previously served as the CEO of Robeco. Last year, UBS also collaborated with Partners Group on a private market offering.
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